10 Questions
What is the definition of a contract of sale?
A meeting of minds between two persons where one party obligates to transfer ownership and deliver a determinate thing, and the other to pay a certain price.
What is the primary obligation of the vendor in a contract of sale?
To transfer ownership and deliver the specific item sold.
In a contract of sale, what does the vendee primarily commit to?
To pay a certain price for the goods purchased.
What is the main purpose of the contract of sale?
To facilitate the transfer of ownership of a specific item in exchange for a certain price.
What characterizes a contract of sale?
Transfer of ownership, delivery of a specific thing, and payment of a certain price.
What is the definition of a contract of sale according to the text?
A meeting of minds between two persons to transfer ownership and deliver a determinate thing for a price certain in money or its equivalent
What is the subject of Title VI in the Sales Introduction Book IV?
Sales
What does the contract of sale obligate one party to do?
Transfer ownership and deliver a determinate thing
What is the nature of the contract of sale according to the text?
A meeting of minds between two persons
What does the other party agree to do in a contract of sale?
Pay a price certain in money or its equivalent
Study Notes
Contract of Sale
- A contract of sale is an agreement between two parties, the vendor and the vendee, where the vendor agrees to transfer ownership of a thing, and the vendee agrees to pay for it.
Obligations of Parties
- The primary obligation of the vendor is to transfer ownership of the thing sold.
- The vendee primarily commits to paying the price of the thing sold.
Purpose and Characteristics
- The main purpose of a contract of sale is the transfer of ownership of a thing from the vendor to the vendee.
- A contract of sale is characterized by the obligation of one party to deliver a thing, and the other party to pay for it.
Definition and Nature
- According to the text, a contract of sale is an agreement between two parties, where one party obligates itself to deliver a thing, and the other party obligates itself to pay for it.
- The contract of sale is a consensual contract, where one party agrees to deliver a thing, and the other party agrees to pay for it.
Title VI in the Sales Introduction Book IV
- Title VI in the Sales Introduction Book IV is about contracts of sale.
Test your knowledge of the Philippine Civil Code's Book IV on Obligations and Contracts, Title VI on Sales. This quiz covers topics such as the nature and form of the contract, capacity to buy or sell, obligations of the vendor and vendee, and more. Ideal for law students, legal professionals, and anyone interested in Philippine commercial law.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
